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by sl8r
2788 days ago
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I mean... the parent post is right, the site I linked seems to be calculating CA state tax incorrectly. But: 42% is the effective tax rate (not marginal, average). And this is pretty close to 45%. For a hypothetical person making $500k or more as regular income in CA (as many of the posted salaries above would be), they would indeed pay about $210k in taxes plus Medicare plus Social Security. |
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